76,938 Shares in Builders FirstSource, Inc. $BLDR Purchased by M&G PLC

M&G PLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 76,938 shares of the company’s stock, valued at approximately $9,002,000. M&G PLC owned 0.07% of Builders FirstSource as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in shares of Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock worth $401,948,000 after purchasing an additional 960,603 shares during the period. Invesco Ltd. raised its stake in shares of Builders FirstSource by 11.8% in the first quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock valued at $314,781,000 after buying an additional 265,873 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of Builders FirstSource by 16.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock valued at $283,659,000 after buying an additional 326,923 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Builders FirstSource by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock worth $280,387,000 after acquiring an additional 6,453 shares during the period. Finally, Voya Investment Management LLC increased its holdings in Builders FirstSource by 29.9% in the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock worth $229,809,000 after acquiring an additional 423,891 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Down 0.6%

BLDR opened at $106.26 on Thursday. The business’s fifty day simple moving average is $124.46 and its 200 day simple moving average is $123.67. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $194.36. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The stock has a market cap of $11.75 billion, a PE ratio of 16.12, a P/E/G ratio of 12.90 and a beta of 1.61.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.19. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.86 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The company’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BLDR. Zelman & Associates reiterated an “underperform” rating on shares of Builders FirstSource in a research report on Friday, July 18th. DA Davidson decreased their price objective on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Robert W. Baird set a $135.00 target price on Builders FirstSource in a research note on Friday, October 31st. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Baird R W cut Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $138.13.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.